Colorado CEOs and Board Directors Commit to Increasing Number of Women on Boards and Celebrate Success to Date

Apartment Investment and Management Company (Aimco), Viveve Medical and ANGI Homeservices won Corporate Salute awards for having three or more women on their boards within the last year

Colorado public companies improved number of women on boards three percentage points since effort began three years ago, but still lag the national average by two percentage points.

CEOs and Board Directors developed a roadmap to include more women

DENVER, Colo., October 3 2018 – Colorado business leaders recently met to review progress on their March 2016 commitment to make the state a national leader in including women on boards to improve business performance.

Red Robin Gourmet Burgers hosted the gathering with support from Boardbound by Women’s Leadership Foundation. Beverly Carmichael, Executive Vice President for Human Resources of Red Robin, welcomed the 40 business leaders to the working session focused on generating ideas for accelerating placement of women on Colorado boards.

Kent Thiry, CEO & Chair of DaVita, spoke about his decision to publicly commit to achieving a Majority Diverse board within 24 months. He encouraged his fellow CEOs to give up on excuses and, “Own the results. Look for capabilities, intellect and values, which will naturally lead to more women on boards.”

Jo Lynne Whiting, Chair of Boardbound by Women’s Leadership Foundation, presented the Corporate Salute Awards to the three businesses who joined the top 12 percent of Colorado public companies with three or more women on their boards:

Terry Considine, CEO and Board Chair of Aimco

Jim Atkinson, President of Viveve Medical

Mallory Micetich, Vice President of Communications of ANGI Homeservices

“Throughout its history, Aimco has consistently sought to recruit the most qualified candidates to serve throughout its team, as senior leaders, and on its board of directors,” said Considine. “I am delighted that three of my outstanding colleagues are recognized by the Women’s Leadership Foundation as the remarkable individuals that they are.”

Mark Hunter, Molson Coors CEO; Teresa Elder, WideOpenWest CEO; Phil Kalin, Pinnacol Assurance CEO; Kevin Ahern, Chairman, Citywide Banks; and Christopher Jones, Westwater Resources, CEO, each led table discussions around the improved quality of decision-making that comes with having women on boards. There was great energy around the value of increasing the momentum of gender board diversity.

The CEOs and Board Directors present reviewed statistics for Colorado public companies based upon the “State of the State” report as of June 30, 2018. In the report, Colorado companies

Improved female representation on their boards from 10.5 percent in 2015 to 13.5 percent in 2018

Still have 41 percent all-male boards

Are two percentage points below the national averages for similar sized companies

MSCI research found a significant difference in performance by companies with sustained representation of three or more women on their boards versus those with none. Companies with three or more women on their Boards saw a 37 percent increase in earnings per share growth versus an eight percent decline for those with zero women on their Boards.